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20121121
20121129
Search Results 0 to 8 of about 9 (some duplicates have been removed)
, including a cap on itemized deductions coupled with curbs on social security and medicare benefits. corker joined several republican senators and house members who have suggested they might abandon a longstanding pledge not to raise taxes. but the author of that pledge, conservative lobbyist grover nor quist, played down any hint he's losing influence. he called it, quote, a complete media-created frenzy. on the left, democratic senator dick durbin of illinois urged liberal groups to give way on their opposition to changes in medicare and medicaid. >> we cannot standby on the side lines in denial that this is ever going to engage us in the things that we value. we can't be so naive to believe that just taxing the rich is going to solve our problems. wlook to reform and change that is significant, that preserves many of the values and programs that brought us to political life. >> brown: for his part senate page ontario leader harry reid declared himself extremely hopeful even as the end of the year and the end of the current congress rapidly approach. as this debate has unfolded we've been
the fiscal cliff will slice away at one of the nation's most popular programs. >> medicare is clearly in the gunsights. >> reporter: it's possible congress and the president could agree to save $300 to $400 billion from medicare by cutting fees for doctors and hospitals. but analysts worry slashing payments won't make the health care system more efficient. >> this is not really a way to structurally change medicare and if you don't change the underlying incentives, you don't get long-term savings. >> reporter: progressives at the center for american progress say the government could save close to $150 billion by squeezing the prices the government pays for drugs. but many of the president's allies reject the idea of aggressively raising co-payments for patients. and they also consider benefits based on a patient's financial situation a risky idea. >> if people want to ask the wealthy to pay more, the time to ask them to pay more is when they can afford it, which is to say when they are working, not when they are retired. so they way to do that is to ask them to pay a little bit more i
that social security isn't the issue; it's medicare and medicaid. >> social security does not add one penny to the deficit. it's an important program, a critical program. let's take care of it in the future. let's do it separate from the debt debate. medicare is another story. medicare has 12 years of life left and let me make a point of saying it has eight of those years because of president obama's leadership. >> brown: white house officials said the president will send treasury secretary timothy geithner and legislative chief rob nabors to the capitol tomorrow, to meet with congressional leaders. >> warner: online, we have a primer explaining how the fiscal cliff might affect you. still, to come on the "newshour": debating palestinian status at the u.n.; reading the fine print; tackling immigration reform and re-purposing digital data gathered during the campaign. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: wall street tracked the ups and downs of the fiscal cliff drama in washington today. at one point, the dow jones industrial average was off more tha
, medicare benefits cut. they're willing to see cuts to defense. and that's also part of the sequester agreement. but they don't like cuts to other parts of the federal budget. >> how are the politics of this shaping up? we're looking at this from a strategic perspective, who harris the upper hand and who's playing from behind? >> the democrats feel they have the upper hand and you've seen to what extent it's posturing or not, you see a lot of sort of swagger coming out of obama in his press conference last week. and democratic leaders saying we're willing to go off the cliff. we are not going to compromise on the tax hikes. they're talking much less about the spending cuts that and also they say would be part of a so-called balanced deal. but i think on some level, republicans realize that they don't have a lot of leverage in this situation. certainly people want to see both taxes and spending. but the republicans that i talked to are a little bit nervous. and you see them also coming out with some tough talk. speaker boehner saying that he even wants to bring health care back into th
entitlement programs like social security and medicare should be on the table right now or not, and the disagreement is sharpest over social security. darren gersh takes a look at why. >> reporter: the number-two man in the senate democratic leadership argues any fix for social security's finances should come after the immediate challenge is out of the way. >> i think we should take social security off the table for the current fiscal cliff and deficit discussion, but be very honest about what we're going to achieve in the near term. >> reporter: republicans pushed back, arguing social security is part of the deficit problem because it is no longer taking in enough in taxes to cover the benefits it pays out. social security makes up the difference by cashing in special treasury bonds it holds in its trust fund. but conservatives point out the money to redeem those bonds comes from taxpayers. >> it is money that is coming out of general revenue that is going into social security that reduces the amount of revenue that is available for everything from aircraft carriers and roads
Search Results 0 to 8 of about 9 (some duplicates have been removed)